When Carlow businessman Philip Morrissey appears in the Commercial Court, it is often remotely from what appears to be his home with children’s drawings and sports memorabilia in the background. For years, the 75-year-old was a director and shareholder of the family’s lucrative concrete and quarrying business Dan Morrissey (Ireland) Limited (DMIL) until the firm fell into receivership in 2014 over an undischarged €25 million debt to AIB. What came next was typical of the post-boom era. The bank pursued Morrissey as a personal guarantor of the firm’s noughties’ loans and there were legal rows with the Grant Thornton receivers…
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